Compagnie Lombard Odier SCmA Sells 5,840 Shares of Global Payments Inc. (NYSE:GPN)

Compagnie Lombard Odier SCmA cut its position in Global Payments Inc. (NYSE:GPN) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,788 shares of the business services provider’s stock after selling 5,840 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Global Payments were worth $5,915,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new stake in Global Payments in the 3rd quarter valued at $25,000. Beaird Harris Wealth Management LLC bought a new stake in Global Payments in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in Global Payments in the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Global Payments in the 3rd quarter valued at $50,000. 89.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This represents a 15.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GPN shares. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price objective on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays lifted their price objective on Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada dropped their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $122.00 price objective (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and an average target price of $135.71.

Global Payments Price Performance

Shares of GPN opened at $104.12 on Friday. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77. The business has a 50-day simple moving average of $111.45 and a two-hundred day simple moving average of $108.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market cap of $26.50 billion, a PE ratio of 19.61, a PEG ratio of 0.80 and a beta of 1.01.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). Global Payments had a return on equity of 11.94% and a net margin of 13.61%. Analysts anticipate that Global Payments Inc. will post 11 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. Global Payments’s dividend payout ratio (DPR) is presently 18.83%.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.